Tesla is on a tear, with no end in sight, and that means the naysayers' case is in ruins
The fundamentals aren't going to change; there are no looming plot twists, and consequently the naysayers' case now lies in ruins.At the risk of invoking a cliché, I'll point out that Tesla isn't a company whose stock trades on fundamentals, but rather on a story.
But the truth is that this story — something of an epic, really — filled a vacuum. Established automakers such as Ford and General Motors, have less lively stories because their actual businesses are so ... busy. The fundamentals — the business facts — produce millions of vehicles every year. But look what's happened since Tesla's output of actual cars has picked up: the stock has been on a tear, blasting through $300 per share, $400 per share, and $500 per share in a matter of months. Tesla's market cap, at $90 billion, is nearly equal to GM's and Ford's combined.
Busting through three resistance levels on the stock in three months is mind-blowing. And there isn't necessarily anything on the horizon to slow Tesla down. It reports fourth-quarter and full-year 2019 earnings in late January, and they're expected to be positive. If Tesla meets or beats, look out above. The 100% return of the past three months could look like a tame precursor, as Tesla's substantial short interest is decisively flushed out of the action.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla salesperson seeks pay bump after 'devastating' commissions cut - Business InsiderA Tesla sales employee asked for a 15% increase to the base pay earned by salespeople and vehicle-preparation specialists in an internal email.
Weiterlesen »
Tesla stock price: Morgan Stanley says sell after recent rally - Business Insider'Momentum and sentiment around the stock is admittedly very strong, but we ultimately question the sustainability of the momentum,' Adam Jonas wrote.
Weiterlesen »
Elon Musk says he'll help Tesla customer who accidentally spent $4,333 - Business InsiderThe Tesla customer Elon Musk replied to said he inadvertently spent $4,333 while his phone was in his pocket, comparing it to a butt-dial.
Weiterlesen »
Lordstown Motors electric pickup to rival Tesla Cybertruck - Business InsiderLordstown Motor's Endurance will have a cheaper starting price along with four in-wheel motors that allow it to handle better in tough environments.
Weiterlesen »
Tesla says it plans to open China design and research center.Tesla plans to open a design and research center in China to make ‘Chinese-style’ vehicles, the company said in a recruitment notice on its official WeChat account
Weiterlesen »
US agency examining Tesla unintended acceleration complaintThe U.S. government's auto safety agency is looking into allegations that all three of Tesla's electric vehicle models can suddenly accelerate on their own
Weiterlesen »